Mumbai, India reported yesterday that lead is expected to continue to fall due to decreased demand and increased supply. Lead did find some support after the world’s largest producer of lead, China, suffered their Sichuan earthquake in May. As well, July saw lead rise on a fear of decreased production from China and its resulting [...]
Continue reading "Lead Prices Set to Dip Further"
Monday, August 18, 2008
Report of delays in lead shipment from Australia saw lead futures rising up to 3 percent. Ivernia Inc (IVW.TO: Quote, Profile, Research) does not expect approval to restart its idle Magellan lead mine in Australia until September and will take several months from then to be fully operational. Benchmark lead for August delivery MLDQ8 on the MCX was up 2.74 [...]
Continue reading "Supply Woes Support Lead"
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Friday, August 22, 2008